← Back to FHA deals
SOUTH OAK RESIDENCES
FHA New Construction & Substantial Rehab
Endorsed December 15, 2021
FHA #06235797
Deal Details
- Location
- FOLEY, Alabama
- Mortgage Amount
- $14.5M
- Units
- 94
- Lender
- HIGHLAND COMMERCIAL MTGE
- Fiscal Year
- FY2022
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $14.1M($14.5M original)
- Interest Rate
- 2.62%
- Maturity
- April 2064(38 years remaining)
- Original Term
- 40 years
- Holder
- HIGHLAND MORTGAGE
- Servicer
- HIGHLAND MORTGAGE
Source: HUD BF90 Active Insured Mortgages · Data as of February 2026
Data Sources
Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database
Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026